Pricing & Transparency
Clear, flat-fee pricing — no assets, no commissions, no surprises.
At Defined Retirement Plan Solutions, our fees are straightforward and service-based — never tied to plan assets or investments.
Every proposal includes a full breakdown of your plan’s costs before work begins, so you always know what you’re paying for. No hidden transaction fees, no revenue-sharing markups, and no commissions. Just clear, honest pricing for the work we do.
Typical Annual Fees
Standard 401(k) Plans
Most plans range from $1,800 to $3,500 per year, depending on plan size and complexity. Includes annual compliance testing, Form 5500 preparation, plan document maintenance and year-end reporting.
Solo / Owner-Only 401(k) Plans
Designed for self-employed business owners and small practices.
Administration typically starts around $500 per year, including plan document maintenance.
Defined Benefit & Cash Balance Plans
These plans carry a minimum TPA fee of $1,200 annually, plus actuarial services billed separately. We coordinate directly with your actuary to keep billing simple.
All fees are estimates and may vary based on participant count, plan design, and plan features. Complete details are included in your engagement letter before services begin.
How We Bill
We bill quarterly in advance — January 1, April 1, July 1, and October 1 — so your plan costs are predictable and easy to budget.
For new clients, the first invoice is sent within 30 days of engagement and includes any setup or prior-quarter adjustments needed to align with our billing cycle.
Revenue sharing
If your plan generates revenue-sharing payments through the recordkeeper, any amount over $250 per calendar year is credited back to your account.
You’ll see those credits on your invoices — a small but important way we ensure complete transparency in how we’re compensated.
What every DRPS client receives
Annual compliance testing and Form 5500 filing — prepared, reviewed, and filed on time
Year-round communication and reminders before key deadlines
Plan document maintenance, amendments, and restatements when required by law
Practical guidance when something changes — like ownership, eligibility, or contributions
Dedicated point of contact who knows your plan inside and out — no call centers or ticket systems
Coordination with your recordkeeper, accountant, and financial advisor to keep everyone aligned